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Suppose that the world price of a smartphone is $1,000 each. Now suppose that the United States, a large country, imposes a 10% tariff on

Suppose that the world price of a smartphone is $1,000 each. Now suppose that the United States, a

large country, imposes a 10% tariff on imported smartphones. What is the U.S. domestic price of

smartphones after the 10% tariff is imposed?

A. Less than $900

B. Between $900 and $1000

C. Between $1000 and $1100

D. Higher than $1100

E. There is not enough information to answer the question.

dont Answer by pen paper

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